President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in ...

Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...

One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is how generous to make the deduction for state and local taxes.

The House passed a major tax and spending bill ahead of Memorial Day, with Senate debate looming over key provisions like SALT caps, Medicaid work requirements, and charitable deductions.

The measure would boost funding for border security and the Defense Department, eliminate taxes on tips and overtime, provide ...

The fourth-term Tennessean was one of the eight renegade Republicans who helped oust Kevin McCarthy, and when Speaker Mike ...

“There was a reason I was resistant to voting for that back ... for higher corporate taxes and a higher cap on SALT deductions. Senate Republicans are trying to quash talk of raising corporate ...

The House just made a move that could shake up tax season for a lot of Americans-especially those in high-tax states. Lawmakers voted to raise the cap on the SALT deduction (short ...